Education in 2023: Key Trends

Source: Pixabay (AI generated)

From the bustling expansion of preschools to the evolving landscape of higher education and the digital revolution spearheaded by EdTech, our annual education report offers a concise overview of key developments defining the educational narrative.

Preschools:

• Expansion Boom: Witnessing rapid growth, both international and domestic players are set to establish over 200 preschools in the coming years.

K12:

• Investor Interes: Kedaara’s stake acquisition in Orchid highlights the attractiveness of the K12 market for institutional investors.
• Global Players: International school groups like GSF plan to invest over $550 million by 2026, reflecting the global interest in the Indian K12 sector.
• Growth Drivers: Factors such as revenue growth and increasing admissions contribute to a positive outlook for the future of K12 education.

Higher Ed:

• Alternative MBAs: Alternative MBAs gain traction, offering high returns on investment for candidates.
• Internationalisation: Nine foreign universities are set to open campuses in India by 2025, reflecting a trend towards internationalization.
• Liberalization: The expansion of undergraduate entry options and recognition of foreign degrees in regulations mark a significant shift in higher education.

EdTech:

• Gen AI Integration: EdTech companies are leveraging the potential of Generation AI, with Indian companies making strides in the B2C segment.
• Study Abroad Financing: Study abroad financing witnesses a fourfold increase, capturing 45% of EdTech’s total funding.
• Phygital Transition: EdTech companies anticipate offline impact and are transitioning to a phygital model, blending physical and digital educational experiences.

For a detailed report on the transformative trends shaping education in 2023, read the full article here - Click Here

PS: Our cover image, created by Gen AI, stands as a testament to Gen AI’s potential, not only in education but across diverse industries.